Verizon has updated its already awesome V CAST video app, which will henceforth be called Verizon Video. The updated app will work with select 4G LTE and 3G handsets on Verizon’s network, and offer access to a number of major broadcast and cable channels.

ABC, NBC, CBS, MTV, Animal Planet, Disney Channel, CNBC, Comedy Central, and ESPN are all included on the app, along with a number of others. Verizon promises access to over 250 full-episode TV shows, as well as sports content from NFL’s RedZone, NBC’s Sunday Night Football, and access to the NFL Network.

The app is available in the Android Market for brand new customers, who will also get to watch select NFL and Indycar clips for free. Existing subscribers will be notified when the update is ready. For a 24-hour pass, the Verizon Video app will cost $3, whereas an unlimited monthly subscription costs $10/month.